C213 Tower no.2, International Infotech Park, Vashi, Navi Mumbai +91 9920839916 Info@loanbits.co.in

Eligibility Criteria & Calculator

Home Loan Eligibility Criteria & Calculator
How to Operate

Home Loan Eligibility Calculator

Amount

Length

% Interest

Principal

Interest

Total Payable

Loan Eligibility

Home Loan Eligibility Criteria

A Home Loan requires a borrower to pledge the property to be purchased as collateral. You may qualify for this type of credit by fulfilling your lender's set eligibility criteria.
The basic home loan eligibility criteria or mortgage loan eligibility criteria are as follows:

Age

Typically, you must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at home loan maturity

  • Salaried Person - 21 years to 58 years
  • Self-Employed Person - 25 years to 65 years
Income
  • Salaried Person - Minimum Rs. 10,000 per month
  • Self-Employed Person - Minimum Rs. 2,00,000 per year
Employment
  • Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
  • Self-Employed Person - Minimum 3 years of Experience in the current field
Credit Score

Typically, a credit score of 750 may be considered a good score for approval.



Get In Touch

LoanBits Financial Solution LLP,
C213 Tower no.2, Vashi Stations, International Infotech Park, Vashi, Navi Mumbai - 400703. Maharashtra India

Info@loanbits.co.in sachin.patil@loanbits.co.in

9920839916 / 8779962592

Quick Links

© LoanBits Financial Solution LLP. All Rights Reserved. Designed And Developed By Microlan